| 1 | 1 | | 86R12328 JXC-D |
|---|
| 2 | 2 | | By: Buckingham S.B. No. 2235 |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | A BILL TO BE ENTITLED |
|---|
| 6 | 6 | | AN ACT |
|---|
| 7 | 7 | | relating to changing the sales and use tax rate of a metropolitan |
|---|
| 8 | 8 | | rapid transit authority. |
|---|
| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 10 | 10 | | SECTION 1. Section 451.407, Transportation Code, is amended |
|---|
| 11 | 11 | | to read as follows: |
|---|
| 12 | 12 | | Sec. 451.407. RATE DECREASE: SALES AND USE TAX. (a) The |
|---|
| 13 | 13 | | board may: |
|---|
| 14 | 14 | | (1) decrease by order the authority's sales and use tax |
|---|
| 15 | 15 | | rate; or |
|---|
| 16 | 16 | | (2) order an election to decrease the rate. |
|---|
| 17 | 17 | | (b) The registered voters of an authority, by petition, may |
|---|
| 18 | 18 | | require an election to decrease the authority's sales and use tax |
|---|
| 19 | 19 | | rate, as provided by Section 451.409. |
|---|
| 20 | 20 | | SECTION 2. The heading to Section 451.409, Transportation |
|---|
| 21 | 21 | | Code, is amended to read as follows: |
|---|
| 22 | 22 | | Sec. 451.409. SALES AND USE TAX RATE INCREASE OR DECREASE: |
|---|
| 23 | 23 | | PETITION AND ELECTION. |
|---|
| 24 | 24 | | SECTION 3. Sections 451.409(a), (b), and (d), |
|---|
| 25 | 25 | | Transportation Code, are amended to read as follows: |
|---|
| 26 | 26 | | (a) A petition to increase or decrease the rate of an |
|---|
| 27 | 27 | | authority's sales and use tax is valid only if it is submitted to |
|---|
| 28 | 28 | | the board and signed by at least 10 percent of the authority's |
|---|
| 29 | 29 | | registered voters as determined by the most recent official list of |
|---|
| 30 | 30 | | registered voters. |
|---|
| 31 | 31 | | (b) The board shall submit a petition for an election to |
|---|
| 32 | 32 | | increase or decrease the authority's sales and use tax rate to the |
|---|
| 33 | 33 | | secretary of state. |
|---|
| 34 | 34 | | (d) The board shall call an election to increase or decrease |
|---|
| 35 | 35 | | the tax rate if the secretary determines that a petition is valid or |
|---|
| 36 | 36 | | if the secretary fails to act within the period required by |
|---|
| 37 | 37 | | Subsection (c). |
|---|
| 38 | 38 | | SECTION 4. This Act takes effect September 1, 2019. |
|---|